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Cryptopolitan 2023-08-11 08:06:50

Canada’s CBDC is struggling, and incentives won’t work on Canadians

According to a new Bank of Canada paper, the average Canadian has little reason to adopt a central bank-issued digital currency, which could hinder its widespread acceptance. In the staff discussion paper released on August 10, the central bank examined a hypothetical scenario in which currency was virtually eliminated to determine the potential role of ... Read more

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